If you’re looking to invest your next vehicle, then the used markets are a great place to start. Not only can you find yourself a quality car for much less than the new asking price, you can also find a motor which can last you a long time.
What you shouldn’t do though is just dive straight into the used markets and purchase the first car you see; there are a number of steps you need to take first to make certain you get the right model. To point you in the right direction, here are some top tips to get you on the right track:
Research the Models
The first thing you should do is look at researching the models that interest you. Check out the following information to narrow down your options:
- The average MPG
- The general costs of fuel and wear and tear
- Testimony from previous owners about the quality of the vehicle
- Reviews of the performance
- What options there are on trim levels
Research the Average Prices
Once you’ve found the right make and model – or you at least have a general idea – the next step is to look at the average prices of the ones you’re interested in.
Find out what the price variations are based on the different mileages and of course the age and overall condition of the cars. Then, make a note of what you find, as this could potentially be used at a later negotiation stage.
Where to Buy?
There are several ways to purchase new cars, private sellers can be one of the quickest ways to secure a new vehicle, although you might not get all the information you need on the car and you can’t purchase any added extras.
You can also just head to a local garage and see what’s available, but the range can often be quite limited. A great idea is to use an established used car seller such as Motorpoint; these often have the largest ranges of used vehicles and will be able to provide you with the information you need. Plus, you can also negotiate with the seller if you think you could grab yourself an even better bargain.
Check the Essentials
Whichever of the above you choose, always make sure you review the vehicle and check the essentials (mileage, condition, service history, MOT certificate etc.) to avoid any complications later down the line.
With all of this in mind, you should be on the right course for securing the best used car for you, all for a cheap price.